Sensex Surges 468 Points; Nifty Tops 18,400

RTTNews | 882 ngày trước
Sensex Surges 468 Points; Nifty Tops 18,400

(RTTNews) - Indian shares ended Monday's session firmly in positive territory, snapping a two-day losing streak.

While FMCG and auto stocks led the surge, IT stocks ended on a downbeat note after global giant Accenture Plc on Friday warned about a possible pullback in client spending going ahead.

The benchmark S&P BSE Sensex jumped 468.38 points, or 0.76 percent, to 61,806.19 while the broader NSE Nifty index settled 151.45 points, or 0.83 percent, higher at 18,420.45.

Adani Ports and Adani Enterprises surged 3-4 percent to top the gainers list.

Automakers Mahindra & Mahindra and Eicher Motors both rallied around 3 percent.

The rupee traded higher at 82.69 as the dollar index weakened in overseas markets on bets that the U.S. Federal Reserve is close to halting its rate hike cycle.

Oil prices rose around 1 percent in European trade on optimism over demand recovery due to China's easing of COVID curbs.

read more
Dollar Index Extends Gains On Trade Deal Optimism

Dollar Index Extends Gains On Trade Deal Optimism

Rising optimism surrounding trade deals between the U.S. and its trading partners, and in particular the significant easing in trade tensions between the U.S. and China bolstered the U.S. dollar during the week ended May 16.
RTTNews | 22 phút trước
FTSE 100 Drifts Lower In Cautious Trade

FTSE 100 Drifts Lower In Cautious Trade

U.K. stocks are down in negative territory, losing ground after making a good upmove in the previous week. Investors, awaiting the outcome of a UK - European Union summit in London, are largely making cautious moves.
RTTNews | 58 phút trước
CAC 40 Moderately Lower; BNP Paribas Rises On Buyback Announcement

CAC 40 Moderately Lower; BNP Paribas Rises On Buyback Announcement

French stocks are down in negative territory on Monday, retreating from a one-month high recorded in the previous session, as investors make cautious moves amid some concerns about global growth following a downward revision in U.S. credit rating.
RTTNews | 1h 41phút trước
DAX Down Marginally In Cautious Trade

DAX Down Marginally In Cautious Trade

German stocks are exhibiting weakness on Monday in cautious trade after recent gains. Investors are assessing possible risks to global economic growth due to geopolitical tensions and tariff uncertainty, as well as a downgrade in U.S. sovereign debt.
RTTNews | 2h 6phút trước
China Industrial Output Growth Tops Expectations; Retail Sales Disappoint

China Industrial Output Growth Tops Expectations; Retail Sales Disappoint

China's industrial production increased more than expected in April despite trade tariff hikes and the unemployment rate dropped marginally but growth in retail sales fell short of expectations signalling weaker domestic demand, official data revealed on Monday. Industrial output logged an annual growth of 6.1 percent in April after rising 7.7 percent in March.
RTTNews | 4h 27phút trước